Bank of America, coming unhinged

[kwc57]

And its Obama's policy is why the BofA is charging this fee. I dont agree with the fee but you democRats have to see its all turns back to Obamas is the reason why!

Oh, other banks affected are charging this fee also? Really?

Yes, many are. BoA has just become the convenient whipping boy of OWC moochers and the lazy media. There have been numerous links given in numerous threads. Feel free to Goggle it.

 

[Katzndogz]

Remember the good old days of the 80's/90's when we had so many banks to choose from? and then gradually Bank Of America began buying them out, one by one? Remember First Union? it was a merge of 4 (or 5 banks?) You could make a family tree out of every bank from 1980 and at the top of the triangle now you will have Bank Of America/Wells Fargo/(and who's the other one? Citi?) and look at where Bank Of America is now? They still are in a mess.

Buying them?

How about this list of banks that the government seized and forcibly merged with bigger banks.

FDIC: Failed Bank List

Hundreds of them. Some healthy banks with positive deposits and loans. All seized by the obama regime.

 

[peach174]

You know that other banks are doing the same thing but they are targeting B of A.
Why?
Could it be because the former CEO of B of A ratted out that they were locked up in a room and forced to take the bail out money?

 

[Lovebears65]

And its Obama's policy is why the BofA is charging this fee. I dont agree with the fee but you democRats have to see its all turns back to Obamas is the reason why!

Oh, other banks affected are charging this fee also? Really?

Did I stutter.. Yes, its Obama that has caused this

Here is part of an article..

n early 2012, Bank of America customers with basic accounts will be charged a $5 monthly fee for shopping with their debit cards. The fee will be charged whether customers choose 'debit' or 'credit' at the point of sale.




Industries Banking Services Financial Services Sector Commercial Banking Credit Card

Fees and Penalties Business Personal Finance

ATM usage fees will remain the same, and those customers who do not shop with their debit card will not incur the $5 monthly fee.

Why is Bank of America making this move? It certainly fits a trend: ATM fees have been rising, bounced check fees have been going up, and free checking accounts are fast becoming a thing of the past.



The move is partly prompted by a new federal regulation, starting Oct. 1, that will begin limiting the cut banks can take from merchants at the point of sale. Bank of America is expecting the new lower rate to reduce the revenue that those merchant fees currently bring to the bank. In 2009, those fees amounted to $19 billion in revenue.


This regulation was from Obama .. So your stupid president who says that corporations are taking money gave them a break to pay the fees that corporations would have had and it passed it down to us.. What part of that dont you understand.

Debit card fees: Why Bank of America will charge $5 for debit card use - CSMonitor.com

 

[Dragon]

Did I stutter.. Yes, its Obama that has caused this

LOL well, it does if you believe what BofA says on the subject. Although why you would do that escapes me.

 

[Lovebears65]

Did I stutter.. Yes, its Obama that has caused this

LOL well, it does if you believe what BofA says on the subject. Although why you would do that escapes me.

And you lefties will believe anything that comes out of Obama's mouth even though it gets proven that he has lied you still side with this moron

 

[Soggy in NOLA]

I have GOT to make the time to do the paperwork, and get into a credit union.

Perhaps if you didn't spend 24/7 here posting retarded-ass shit, you might enjoy a modicum of success in your life and you could let go of your juvenile class-envy and stop worrying asbout moving that $25 you may have in a bank to a credit union.